• 6,956 sq.ft. lot
offered at $2,995,000
Status: Active // Property Type: Single Family Residence
County: Los Angeles

Property Description

Perhaps the last of its kind; a true RTI opportunity to build 5 Small Lot Subdivision Ordinance ("SLO") Homes, designed by Jay Vanos Architects, a pioneer in the Small Lot Subdivision design space. Restrictive redevelopment guidelines by the City of LA limit this product type, making this a VERY rare offering. Sale includes plans and permits for 5 free-standing, tri-level contemporary homes, each with their own address, APN, private 2-car garage, direct entrance, soaring ceilings, and private roof-top deck. The first 4 homes feature 3 Beds, 3 Baths, measuring approximately 1,900 SF (not including garage or roof-top deck). The 5th, rear home is the largest, featuring 4 Beds, 4 1/2 Baths, measuring approximately 2,400 SF (not including garage or roof-top deck). Recent comps in the area are selling for approx. $1,000 / SF ($2.2M each home), making this a very attractive opportunity for the astute investor, developer and 1031 Buyer. Lease comps in the $6,000+ / month / home range. Situated between West Hollywood and the renaissance of Hollywood proper, with endless lifestyle destinations and amenities in close proximity, including Plummer Park, Runyon Canyon, Whole Foods, Target, Horses, L'Antica Pizzeria, Equinox, Netflix, Dream Hotel and the Hollywood Media District. A perfect solution for the LA housing shortage. Priced to sell and won't last long. RTI plans will be made available to pre-qualified Buyers. Existing structure to be demolished by COE. Delivered shovel ready and RTI. Buyer to pay permit fees. Drive-by ONLY.

Listing Courtesy of Allen Roth, Sotheby's International Realty

Interior Features

Heating: Central
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of March 30, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.